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(PARACABLES) Paramount Communications complete technical analysis [charts+indicators] | Buy/Sell Paramount Communications | (PARACABLES) share price targets

Complete technical analysis of Paramount Communications (PARACABLES) by charts plus indicators, forecast predictions and share price targets for Paramount Communications (PARACABLES)

Paramount Communications trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-02-01 View latest technical analysis

10 day averaged volume of Paramount Communications is 1588392

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	102.80	106.00	108.10	101.50	0.616 times
31 Wed Jan 2024	105.55	110.90	110.90	105.50	0.913 times
30 Tue Jan 2024	111.05	115.30	115.30	108.80	0.916 times
29 Mon Jan 2024	114.50	115.50	115.55	112.00	1.683 times
25 Thu Jan 2024	110.05	106.00	110.05	106.00	0.374 times
24 Wed Jan 2024	104.85	106.90	109.80	102.50	0.65 times
23 Tue Jan 2024	106.10	116.85	116.85	106.10	1.394 times
22 Mon Jan 2024	111.65	106.45	111.65	106.35	1.241 times
19 Fri Jan 2024	106.35	106.35	106.35	106.35	0.163 times
18 Thu Jan 2024	101.30	96.50	101.30	94.05	1.221 times

My analysis of stock is bullish for shortterm, and stock might move up till 108.1 or till 117.3. Use a stoploss of 100.43 and if this stock hits its stoploss, then it can fall down till 92.76

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	40.25
Downside Target	57.75
Downside Target	61.75
Downside Target	68.00
Downside Target	84.10
Downside Target	89.85
Downside Target	96.35
Downside Target	98.40
Downside Target	101.50
Upside Target	106.35
Upside Target	108.10
Upside Target	115.55
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	97.68
Downside Intraday Target	92.57
Upside Intraday Target	111.73
Upside Intraday Target	120.67
Upside Intraday Target	106.62

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	102.80	115.50	115.55	101.50	1.128 times
25 Thu Jan 2024	110.05	106.45	116.85	102.50	0.983 times
19 Fri Jan 2024	106.35	91.00	106.35	90.00	1.279 times
12 Fri Jan 2024	92.00	97.25	98.40	89.85	0.724 times
05 Fri Jan 2024	96.65	88.70	98.50	84.10	1.265 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Paramount Communications (PARACABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	102.80	106.00	108.10	101.50	0.035 times
31 Wed Jan 2024	105.55	88.70	116.85	84.10	0.84 times
29 Fri Dec 2023	88.15	66.00	96.35	61.75	17.693 times
30 Thu Nov 2023	64.65	63.50	68.00	62.05	0.052 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Paramount Communications (PARACABLES)

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Paramount Communications stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Paramount Communications in short term but the sell signal is initial and weak.

Paramount Communications Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Paramount Communications in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Paramount Communications is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 108.05 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Paramount Communications (PARACABLES) stock. Volume based technical analysis of Paramount Communications (PARACABLES) stock is negative.

Paramount Communications Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.